SunGard Expands Operations in India
June 24, 2009 — Mumbai
SunGard is expanding its financial systems operations in India with the appointment of a new managing director for India sales and the addition of new sales and business development staff in Mumbai. The expansion demonstrates SunGard’s commitment to enhancing its solutions and support for India’s financial services industry and comes on top of SunGard’s existing 2,000-person global delivery organization in Bangalore and Pune.
SunGard has operated in India since 1993. Its global delivery organization in Bangalore and Pune, SunGard Technology Services, provides domain expertise, product knowledge and specialized technology services to support SunGard’s solutions and customers worldwide. The expansion of SunGard’s Mumbai office will help SunGard’s financial systems business enhance its support and implementation services for its local Indian customer base, which already includes leading institutions in the banking, insurance and energy sectors.
Atul Sareen, the new managing director of sales, for SunGard’s financial systems business in India, commented: “This expansion of our Indian operations underlines our commitment to the local financial services industry, and to the long-term potential we see here. We have a range of category-leading solutions across areas such as insurance, trading, banking, energy and wealth management, and we’re excited about the enhanced offerings our growth can give Indian customers.”
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries, including the world’s 25 largest financial services companies.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented five times. For more information, please visit SunGard at www.sungard.com.
*January 2009 Technology Vendors Financial Database Tracker http://www.datamonitor.com
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